$69,700 Mortgage for 30 Years

What is the monthly payment of a 69,700 dollar loan?
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Loan Tables for a $69,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 70k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $69,700 home? What if I pay a bigger down payment? Make sure to think about maintenance costs, taxes, insurance, and other costs.

Use this to calculate a loan for anything, such as a vehicle, business loan, home, RV, motor home, mobile home, manufactured home, real estate, land, vacation property, education, or any type of debt.
Interest Rate 30 Year
69,700 at 2.01%$257.97
69,700 at 2.02%$258.32
69,700 at 2.03%$258.67
69,700 at 2.04%$259.02
69,700 at 2.05%$259.37
69,700 at 2.06%$259.72
69,700 at 2.07%$260.07
69,700 at 2.08%$260.42
69,700 at 2.09%$260.77
69,700 at 2.1%$261.12
69,700 at 2.11%$261.48
69,700 at 2.12%$261.83
69,700 at 2.13%$262.18
69,700 at 2.14%$262.53
69,700 at 2.15%$262.88
69,700 at 2.16%$263.24
69,700 at 2.17%$263.59
69,700 at 2.18%$263.94
69,700 at 2.19%$264.30
69,700 at 2.2%$264.65
69,700 at 2.21%$265.01
69,700 at 2.22%$265.36
69,700 at 2.23%$265.72
69,700 at 2.24%$266.07
69,700 at 2.25%$266.43
69,700 at 2.26%$266.78
69,700 at 2.27%$267.14
69,700 at 2.28%$267.49
69,700 at 2.29%$267.85
69,700 at 2.3%$268.21
69,700 at 2.31%$268.56
69,700 at 2.32%$268.92
69,700 at 2.33%$269.28
69,700 at 2.34%$269.64
69,700 at 2.35%$269.99
69,700 at 2.36%$270.35
69,700 at 2.37%$270.71
69,700 at 2.38%$271.07
69,700 at 2.39%$271.43
69,700 at 2.4%$271.79
69,700 at 2.41%$272.15
69,700 at 2.42%$272.51
69,700 at 2.43%$272.87
69,700 at 2.44%$273.23
69,700 at 2.45%$273.59
69,700 at 2.46%$273.95
69,700 at 2.47%$274.31
69,700 at 2.48%$274.68
69,700 at 2.49%$275.04
69,700 at 2.5%$275.40
69,700 at 2.51%$275.76
69,700 at 2.52%$276.12
69,700 at 2.53%$276.49
69,700 at 2.54%$276.85
69,700 at 2.55%$277.21
69,700 at 2.56%$277.58
69,700 at 2.57%$277.94
69,700 at 2.58%$278.31
69,700 at 2.59%$278.67
69,700 at 2.6%$279.04
69,700 at 2.61%$279.40
69,700 at 2.62%$279.77
69,700 at 2.63%$280.13
69,700 at 2.64%$280.50
69,700 at 2.65%$280.87
69,700 at 2.66%$281.23
69,700 at 2.67%$281.60
69,700 at 2.68%$281.97
69,700 at 2.69%$282.33
69,700 at 2.7%$282.70
69,700 at 2.71%$283.07
69,700 at 2.72%$283.44
69,700 at 2.73%$283.81
69,700 at 2.74%$284.18
69,700 at 2.75%$284.54
69,700 at 2.76%$284.91
69,700 at 2.77%$285.28
69,700 at 2.78%$285.65
69,700 at 2.79%$286.02
69,700 at 2.8%$286.39
69,700 at 2.81%$286.76
69,700 at 2.82%$287.14
69,700 at 2.83%$287.51
69,700 at 2.84%$287.88
69,700 at 2.85%$288.25
69,700 at 2.86%$288.62
69,700 at 2.87%$288.99
69,700 at 2.88%$289.37
69,700 at 2.89%$289.74
69,700 at 2.9%$290.11
69,700 at 2.91%$290.49
69,700 at 2.92%$290.86
69,700 at 2.93%$291.23
69,700 at 2.94%$291.61
69,700 at 2.95%$291.98
69,700 at 2.96%$292.36
69,700 at 2.97%$292.73
69,700 at 2.98%$293.11
69,700 at 2.99%$293.48
69,700 at 3%$293.86
69,700 at 3.01%$294.23
69,700 at 3.02%$294.61
69,700 at 3.03%$294.99
69,700 at 3.04%$295.36
69,700 at 3.05%$295.74
69,700 at 3.06%$296.12
69,700 at 3.07%$296.50
69,700 at 3.08%$296.87
69,700 at 3.09%$297.25
69,700 at 3.1%$297.63
69,700 at 3.11%$298.01
69,700 at 3.12%$298.39
69,700 at 3.13%$298.77
69,700 at 3.14%$299.15
69,700 at 3.15%$299.53
69,700 at 3.16%$299.91
69,700 at 3.17%$300.29
69,700 at 3.18%$300.67
69,700 at 3.19%$301.05
69,700 at 3.2%$301.43
69,700 at 3.21%$301.81
69,700 at 3.22%$302.19
69,700 at 3.23%$302.57
69,700 at 3.24%$302.96
69,700 at 3.25%$303.34
69,700 at 3.26%$303.72
69,700 at 3.27%$304.10
69,700 at 3.28%$304.49
69,700 at 3.29%$304.87
69,700 at 3.3%$305.25
69,700 at 3.31%$305.64
69,700 at 3.32%$306.02
69,700 at 3.33%$306.41
69,700 at 3.34%$306.79
69,700 at 3.35%$307.18
69,700 at 3.36%$307.56
69,700 at 3.37%$307.95
69,700 at 3.38%$308.33
69,700 at 3.39%$308.72
69,700 at 3.4%$309.11
69,700 at 3.41%$309.49
69,700 at 3.42%$309.88
69,700 at 3.43%$310.27
69,700 at 3.44%$310.65
69,700 at 3.45%$311.04
69,700 at 3.46%$311.43
69,700 at 3.47%$311.82
69,700 at 3.48%$312.21
69,700 at 3.49%$312.60
69,700 at 3.5%$312.98
Interest Rate 30 Year
69,700 at 3.51%$313.37
69,700 at 3.52%$313.76
69,700 at 3.53%$314.15
69,700 at 3.54%$314.54
69,700 at 3.55%$314.93
69,700 at 3.56%$315.32
69,700 at 3.57%$315.71
69,700 at 3.58%$316.11
69,700 at 3.59%$316.50
69,700 at 3.6%$316.89
69,700 at 3.61%$317.28
69,700 at 3.62%$317.67
69,700 at 3.63%$318.06
69,700 at 3.64%$318.46
69,700 at 3.65%$318.85
69,700 at 3.66%$319.24
69,700 at 3.67%$319.64
69,700 at 3.68%$320.03
69,700 at 3.69%$320.42
69,700 at 3.7%$320.82
69,700 at 3.71%$321.21
69,700 at 3.72%$321.61
69,700 at 3.73%$322.00
69,700 at 3.74%$322.40
69,700 at 3.75%$322.79
69,700 at 3.76%$323.19
69,700 at 3.77%$323.58
69,700 at 3.78%$323.98
69,700 at 3.79%$324.38
69,700 at 3.8%$324.77
69,700 at 3.81%$325.17
69,700 at 3.82%$325.57
69,700 at 3.83%$325.96
69,700 at 3.84%$326.36
69,700 at 3.85%$326.76
69,700 at 3.86%$327.16
69,700 at 3.87%$327.56
69,700 at 3.88%$327.95
69,700 at 3.89%$328.35
69,700 at 3.9%$328.75
69,700 at 3.91%$329.15
69,700 at 3.92%$329.55
69,700 at 3.93%$329.95
69,700 at 3.94%$330.35
69,700 at 3.95%$330.75
69,700 at 3.96%$331.15
69,700 at 3.97%$331.55
69,700 at 3.98%$331.96
69,700 at 3.99%$332.36
69,700 at 4%$332.76
69,700 at 4.01%$333.16
69,700 at 4.02%$333.56
69,700 at 4.03%$333.97
69,700 at 4.04%$334.37
69,700 at 4.05%$334.77
69,700 at 4.06%$335.17
69,700 at 4.07%$335.58
69,700 at 4.08%$335.98
69,700 at 4.09%$336.39
69,700 at 4.1%$336.79
69,700 at 4.11%$337.19
69,700 at 4.12%$337.60
69,700 at 4.13%$338.00
69,700 at 4.14%$338.41
69,700 at 4.15%$338.81
69,700 at 4.16%$339.22
69,700 at 4.17%$339.63
69,700 at 4.18%$340.03
69,700 at 4.19%$340.44
69,700 at 4.2%$340.84
69,700 at 4.21%$341.25
69,700 at 4.22%$341.66
69,700 at 4.23%$342.07
69,700 at 4.24%$342.47
69,700 at 4.25%$342.88
69,700 at 4.26%$343.29
69,700 at 4.27%$343.70
69,700 at 4.28%$344.11
69,700 at 4.29%$344.52
69,700 at 4.3%$344.93
69,700 at 4.31%$345.33
69,700 at 4.32%$345.74
69,700 at 4.33%$346.15
69,700 at 4.34%$346.56
69,700 at 4.35%$346.97
69,700 at 4.36%$347.39
69,700 at 4.37%$347.80
69,700 at 4.38%$348.21
69,700 at 4.39%$348.62
69,700 at 4.4%$349.03
69,700 at 4.41%$349.44
69,700 at 4.42%$349.85
69,700 at 4.43%$350.27
69,700 at 4.44%$350.68
69,700 at 4.45%$351.09
69,700 at 4.46%$351.51
69,700 at 4.47%$351.92
69,700 at 4.48%$352.33
69,700 at 4.49%$352.75
69,700 at 4.5%$353.16
69,700 at 4.51%$353.57
69,700 at 4.52%$353.99
69,700 at 4.53%$354.40
69,700 at 4.54%$354.82
69,700 at 4.55%$355.23
69,700 at 4.56%$355.65
69,700 at 4.57%$356.06
69,700 at 4.58%$356.48
69,700 at 4.59%$356.90
69,700 at 4.6%$357.31
69,700 at 4.61%$357.73
69,700 at 4.62%$358.15
69,700 at 4.63%$358.56
69,700 at 4.64%$358.98
69,700 at 4.65%$359.40
69,700 at 4.66%$359.82
69,700 at 4.67%$360.23
69,700 at 4.68%$360.65
69,700 at 4.69%$361.07
69,700 at 4.7%$361.49
69,700 at 4.71%$361.91
69,700 at 4.72%$362.33
69,700 at 4.73%$362.75
69,700 at 4.74%$363.17
69,700 at 4.75%$363.59
69,700 at 4.76%$364.01
69,700 at 4.77%$364.43
69,700 at 4.78%$364.85
69,700 at 4.79%$365.27
69,700 at 4.8%$365.69
69,700 at 4.81%$366.11
69,700 at 4.82%$366.53
69,700 at 4.83%$366.96
69,700 at 4.84%$367.38
69,700 at 4.85%$367.80
69,700 at 4.86%$368.22
69,700 at 4.87%$368.65
69,700 at 4.88%$369.07
69,700 at 4.89%$369.49
69,700 at 4.9%$369.92
69,700 at 4.91%$370.34
69,700 at 4.92%$370.76
69,700 at 4.93%$371.19
69,700 at 4.94%$371.61
69,700 at 4.95%$372.04
69,700 at 4.96%$372.46
69,700 at 4.97%$372.89
69,700 at 4.98%$373.31
69,700 at 4.99%$373.74
69,700 at 5%$374.16
Interest Rate 30 Year
69,700 at 5.01%$374.59
69,700 at 5.02%$375.02
69,700 at 5.03%$375.44
69,700 at 5.04%$375.87
69,700 at 5.05%$376.30
69,700 at 5.06%$376.72
69,700 at 5.07%$377.15
69,700 at 5.08%$377.58
69,700 at 5.09%$378.01
69,700 at 5.1%$378.44
69,700 at 5.11%$378.86
69,700 at 5.12%$379.29
69,700 at 5.13%$379.72
69,700 at 5.14%$380.15
69,700 at 5.15%$380.58
69,700 at 5.16%$381.01
69,700 at 5.17%$381.44
69,700 at 5.18%$381.87
69,700 at 5.19%$382.30
69,700 at 5.2%$382.73
69,700 at 5.21%$383.16
69,700 at 5.22%$383.59
69,700 at 5.23%$384.02
69,700 at 5.24%$384.45
69,700 at 5.25%$384.89
69,700 at 5.26%$385.32
69,700 at 5.27%$385.75
69,700 at 5.28%$386.18
69,700 at 5.29%$386.61
69,700 at 5.3%$387.05
69,700 at 5.31%$387.48
69,700 at 5.32%$387.91
69,700 at 5.33%$388.35
69,700 at 5.34%$388.78
69,700 at 5.35%$389.21
69,700 at 5.36%$389.65
69,700 at 5.37%$390.08
69,700 at 5.38%$390.52
69,700 at 5.39%$390.95
69,700 at 5.4%$391.39
69,700 at 5.41%$391.82
69,700 at 5.42%$392.26
69,700 at 5.43%$392.69
69,700 at 5.44%$393.13
69,700 at 5.45%$393.57
69,700 at 5.46%$394.00
69,700 at 5.47%$394.44
69,700 at 5.48%$394.87
69,700 at 5.49%$395.31
69,700 at 5.5%$395.75
69,700 at 5.51%$396.19
69,700 at 5.52%$396.62
69,700 at 5.53%$397.06
69,700 at 5.54%$397.50
69,700 at 5.55%$397.94
69,700 at 5.56%$398.38
69,700 at 5.57%$398.82
69,700 at 5.58%$399.25
69,700 at 5.59%$399.69
69,700 at 5.6%$400.13
69,700 at 5.61%$400.57
69,700 at 5.62%$401.01
69,700 at 5.63%$401.45
69,700 at 5.64%$401.89
69,700 at 5.65%$402.33
69,700 at 5.66%$402.77
69,700 at 5.67%$403.21
69,700 at 5.68%$403.66
69,700 at 5.69%$404.10
69,700 at 5.7%$404.54
69,700 at 5.71%$404.98
69,700 at 5.72%$405.42
69,700 at 5.73%$405.87
69,700 at 5.74%$406.31
69,700 at 5.75%$406.75
69,700 at 5.76%$407.19
69,700 at 5.77%$407.64
69,700 at 5.78%$408.08
69,700 at 5.79%$408.52
69,700 at 5.8%$408.97
69,700 at 5.81%$409.41
69,700 at 5.82%$409.86
69,700 at 5.83%$410.30
69,700 at 5.84%$410.74
69,700 at 5.85%$411.19
69,700 at 5.86%$411.63
69,700 at 5.87%$412.08
69,700 at 5.88%$412.52
69,700 at 5.89%$412.97
69,700 at 5.9%$413.42
69,700 at 5.91%$413.86
69,700 at 5.92%$414.31
69,700 at 5.93%$414.76
69,700 at 5.94%$415.20
69,700 at 5.95%$415.65
69,700 at 5.96%$416.10
69,700 at 5.97%$416.54
69,700 at 5.98%$416.99
69,700 at 5.99%$417.44
69,700 at 6%$417.89
69,700 at 6.01%$418.33
69,700 at 6.02%$418.78
69,700 at 6.03%$419.23
69,700 at 6.04%$419.68
69,700 at 6.05%$420.13
69,700 at 6.06%$420.58
69,700 at 6.07%$421.03
69,700 at 6.08%$421.48
69,700 at 6.09%$421.93
69,700 at 6.1%$422.38
69,700 at 6.11%$422.83
69,700 at 6.12%$423.28
69,700 at 6.13%$423.73
69,700 at 6.14%$424.18
69,700 at 6.15%$424.63
69,700 at 6.16%$425.08
69,700 at 6.17%$425.53
69,700 at 6.18%$425.99
69,700 at 6.19%$426.44
69,700 at 6.2%$426.89
69,700 at 6.21%$427.34
69,700 at 6.22%$427.80
69,700 at 6.23%$428.25
69,700 at 6.24%$428.70
69,700 at 6.25%$429.15
69,700 at 6.26%$429.61
69,700 at 6.27%$430.06
69,700 at 6.28%$430.52
69,700 at 6.29%$430.97
69,700 at 6.3%$431.42
69,700 at 6.31%$431.88
69,700 at 6.32%$432.33
69,700 at 6.33%$432.79
69,700 at 6.34%$433.24
69,700 at 6.35%$433.70
69,700 at 6.36%$434.15
69,700 at 6.37%$434.61
69,700 at 6.38%$435.07
69,700 at 6.39%$435.52
69,700 at 6.4%$435.98
69,700 at 6.41%$436.43
69,700 at 6.42%$436.89
69,700 at 6.43%$437.35
69,700 at 6.44%$437.80
69,700 at 6.45%$438.26
69,700 at 6.46%$438.72
69,700 at 6.47%$439.18
69,700 at 6.48%$439.64
69,700 at 6.49%$440.09
69,700 at 6.5%$440.55
Interest Rate 30 Year
69,700 at 6.51%$441.01
69,700 at 6.52%$441.47
69,700 at 6.53%$441.93
69,700 at 6.54%$442.39
69,700 at 6.55%$442.85
69,700 at 6.56%$443.31
69,700 at 6.57%$443.76
69,700 at 6.58%$444.22
69,700 at 6.59%$444.68
69,700 at 6.6%$445.15
69,700 at 6.61%$445.61
69,700 at 6.62%$446.07
69,700 at 6.63%$446.53
69,700 at 6.64%$446.99
69,700 at 6.65%$447.45
69,700 at 6.66%$447.91
69,700 at 6.67%$448.37
69,700 at 6.68%$448.83
69,700 at 6.69%$449.30
69,700 at 6.7%$449.76
69,700 at 6.71%$450.22
69,700 at 6.72%$450.68
69,700 at 6.73%$451.15
69,700 at 6.74%$451.61
69,700 at 6.75%$452.07
69,700 at 6.76%$452.54
69,700 at 6.77%$453.00
69,700 at 6.78%$453.46
69,700 at 6.79%$453.93
69,700 at 6.8%$454.39
69,700 at 6.81%$454.86
69,700 at 6.82%$455.32
69,700 at 6.83%$455.79
69,700 at 6.84%$456.25
69,700 at 6.85%$456.72
69,700 at 6.86%$457.18
69,700 at 6.87%$457.65
69,700 at 6.88%$458.11
69,700 at 6.89%$458.58
69,700 at 6.9%$459.04
69,700 at 6.91%$459.51
69,700 at 6.92%$459.98
69,700 at 6.93%$460.44
69,700 at 6.94%$460.91
69,700 at 6.95%$461.38
69,700 at 6.96%$461.84
69,700 at 6.97%$462.31
69,700 at 6.98%$462.78
69,700 at 6.99%$463.25
69,700 at 7%$463.72
69,700 at 7.01%$464.18
69,700 at 7.02%$464.65
69,700 at 7.03%$465.12
69,700 at 7.04%$465.59
69,700 at 7.05%$466.06
69,700 at 7.06%$466.53
69,700 at 7.07%$467.00
69,700 at 7.08%$467.47
69,700 at 7.09%$467.94
69,700 at 7.1%$468.41
69,700 at 7.11%$468.88
69,700 at 7.12%$469.35
69,700 at 7.13%$469.82
69,700 at 7.14%$470.29
69,700 at 7.15%$470.76
69,700 at 7.16%$471.23
69,700 at 7.17%$471.70
69,700 at 7.18%$472.17
69,700 at 7.19%$472.64
69,700 at 7.2%$473.12
69,700 at 7.21%$473.59
69,700 at 7.22%$474.06
69,700 at 7.23%$474.53
69,700 at 7.24%$475.00
69,700 at 7.25%$475.48
69,700 at 7.26%$475.95
69,700 at 7.27%$476.42
69,700 at 7.28%$476.90
69,700 at 7.29%$477.37
69,700 at 7.3%$477.84
69,700 at 7.31%$478.32
69,700 at 7.32%$478.79
69,700 at 7.33%$479.26
69,700 at 7.34%$479.74
69,700 at 7.35%$480.21
69,700 at 7.36%$480.69
69,700 at 7.37%$481.16
69,700 at 7.38%$481.64
69,700 at 7.39%$482.11
69,700 at 7.4%$482.59
69,700 at 7.41%$483.06
69,700 at 7.42%$483.54
69,700 at 7.43%$484.02
69,700 at 7.44%$484.49
69,700 at 7.45%$484.97
69,700 at 7.46%$485.44
69,700 at 7.47%$485.92
69,700 at 7.48%$486.40
69,700 at 7.49%$486.88
69,700 at 7.5%$487.35
69,700 at 7.51%$487.83
69,700 at 7.52%$488.31
69,700 at 7.53%$488.79
69,700 at 7.54%$489.26
69,700 at 7.55%$489.74
69,700 at 7.56%$490.22
69,700 at 7.57%$490.70
69,700 at 7.58%$491.18
69,700 at 7.59%$491.66
69,700 at 7.6%$492.13
69,700 at 7.61%$492.61
69,700 at 7.62%$493.09
69,700 at 7.63%$493.57
69,700 at 7.64%$494.05
69,700 at 7.65%$494.53
69,700 at 7.66%$495.01
69,700 at 7.67%$495.49
69,700 at 7.68%$495.97
69,700 at 7.69%$496.45
69,700 at 7.7%$496.93
69,700 at 7.71%$497.41
69,700 at 7.72%$497.90
69,700 at 7.73%$498.38
69,700 at 7.74%$498.86
69,700 at 7.75%$499.34
69,700 at 7.76%$499.82
69,700 at 7.77%$500.30
69,700 at 7.78%$500.79
69,700 at 7.79%$501.27
69,700 at 7.8%$501.75
69,700 at 7.81%$502.23
69,700 at 7.82%$502.72
69,700 at 7.83%$503.20
69,700 at 7.84%$503.68
69,700 at 7.85%$504.16
69,700 at 7.86%$504.65
69,700 at 7.87%$505.13
69,700 at 7.88%$505.62
69,700 at 7.89%$506.10
69,700 at 7.9%$506.58
69,700 at 7.91%$507.07
69,700 at 7.92%$507.55
69,700 at 7.93%$508.04
69,700 at 7.94%$508.52
69,700 at 7.95%$509.01
69,700 at 7.96%$509.49
69,700 at 7.97%$509.98
69,700 at 7.98%$510.46
69,700 at 7.99%$510.95
69,700 at 8%$511.43
More Amounts
What is the down payment for a $69,700 house? How much do you need to put down?
Percent Down Down Payment
1%697
2%1,394
3%2,091
4%2,788
5%3,485
6%4,182
7%4,879
8%5,576
9%6,273
10%6,970
11%7,667
12%8,364
13%9,061
14%9,758
15%10,455
16%11,152
17%11,849
18%12,546
19%13,243
20%13,940
Percent Down Down Payment
21%14,637
22%15,334
23%16,031
24%16,728
25%17,425
26%18,122
27%18,819
28%19,516
29%20,213
30%20,910
31%21,607
32%22,304
33%23,001
34%23,698
35%24,395
36%25,092
37%25,789
38%26,486
39%27,183
40%27,880
Percent Down Down Payment
41%28,577
42%29,274
43%29,971
44%30,668
45%31,365
46%32,062
47%32,759
48%33,456
49%34,153
50%34,850
51%35,547
52%36,244
53%36,941
54%37,638
55%38,335
56%39,032
57%39,729
58%40,426
59%41,123
60%41,820
Percent Down Down Payment
61%42,517
62%43,214
63%43,911
64%44,608
65%45,305
66%46,002
67%46,699
68%47,396
69%48,093
70%48,790
71%49,487
72%50,184
73%50,881
74%51,578
75%52,275
76%52,972
77%53,669
78%54,366
79%55,063
80%55,760
Percent Down Down Payment
81%56,457
82%57,154
83%57,851
84%58,548
85%59,245
86%59,942
87%60,639
88%61,336
89%62,033
90%62,730
91%63,427
92%64,124
93%64,821
94%65,518
95%66,215
96%66,912
97%67,609
98%68,306
99%69,003
100%69,700
Common Loan Vocabulary Terms
APR Annual Percentage Rate, the annual cost of borrowing or lending money.
PMI Private Mortgage Insurance. A downpayment less than 20% often requires that the borrower purchase PMI. This increases the overall monthly payment.
Property Taxes Taxes charged by the local government to the owner of the property. This is often charged as a percentage of the assessed value of the property.
Insurance Home insurance protects your property against damage. Flood insurance is often recommended for some areas of the country. Individuals with a high net worth might consider an umbrella policy.
HOA Homeowners' Association. Usually part of a condo development or subdivision. The HOA often sets the rules, takes care of common maintenance, and charges a fee.
Mortgage Refinance After mortgage rates have decreased, it is often possible to get a new mortgage at a lower rate. This is a loan refinance and can save lots of money.